| MMY Stock | | | CAD 0.29 0.01 3.57% |
Monument Mining financial indicator trend analysis is infinitely more than just investigating Monument Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Monument Mining is a good investment. Please check the relationship between Monument Mining Non Current Assets Total and its Current Deferred Revenue accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monument Mining Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Non Current Assets Total vs Current Deferred Revenue
Non Current Assets Total vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Monument Mining Non Current Assets Total account and
Current Deferred Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Monument Mining's Non Current Assets Total and Current Deferred Revenue is -0.06. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Monument Mining Limited, assuming nothing else is changed. The correlation between historical values of Monument Mining's Non Current Assets Total and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Monument Mining Limited are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Non Current Assets Total i.e., Monument Mining's Non Current Assets Total and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.06 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from Monument Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Monument Mining current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monument Mining Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Monument Mining's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to climb to about 5.5
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.04 in 2024.
Monument Mining fundamental ratios Correlations
Click cells to compare fundamentals
Monument Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Monument Mining fundamental ratios Accounts
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